United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) – Stock analysts at Seaport Res Ptn issued their FY2024 EPS estimates for United Airlines in a research report issued on Monday, September 26th. Seaport Res Ptn analyst D. Mckenzie forecasts that the transportation company will post earnings per share of $9.25 for the year. The consensus estimate for United Airlines' current full-year earnings is $0.44 per share.
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United Airlines (NASDAQ:UAL – Get Rating) last released its earnings results on Wednesday, July 20th. The transportation company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.43). United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The firm had revenue of $12.11 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the business posted ($3.91) earnings per share. United Airlines's quarterly revenue was up 121.4% compared to the same quarter last year.
A number of other research firms have also recently commented on UAL. Melius assumed coverage on shares of United Airlines in a research report on Monday, August 15th. They set a "buy" rating for the company. BNP Paribas cut shares of United Airlines from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $38.00 to $33.00 in a research report on Thursday, July 7th. Barclays reduced their price objective on shares of United Airlines from $58.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, July 8th. Cowen reduced their price objective on shares of United Airlines from $86.50 to $75.00 and set an "outperform" rating for the company in a research report on Friday, July 22nd. Finally, Argus cut shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $53.47.
United Airlines Price Performance
NASDAQ:UAL opened at $32.83 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. The firm has a fifty day simple moving average of $37.29 and a 200 day simple moving average of $40.82. United Airlines has a 1-year low of $30.54 and a 1-year high of $54.52. The stock has a market capitalization of $10.73 billion, a PE ratio of -8.66 and a beta of 1.28.
Institutional Trading of United Airlines
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in United Airlines by 5.7% in the fourth quarter. Invesco Ltd. now owns 2,739,663 shares of the transportation company's stock valued at $119,942,000 after acquiring an additional 147,163 shares during the last quarter. Blair William & Co. IL lifted its stake in United Airlines by 4.8% in the fourth quarter. Blair William & Co. IL now owns 24,107 shares of the transportation company's stock valued at $1,055,000 after buying an additional 1,105 shares during the period. State Street Corp lifted its stake in United Airlines by 3.3% in the fourth quarter. State Street Corp now owns 10,496,229 shares of the transportation company's stock valued at $459,525,000 after buying an additional 334,272 shares during the period. Wahed Invest LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $42,000. Finally, Guggenheim Capital LLC lifted its stake in United Airlines by 32.4% in the fourth quarter. Guggenheim Capital LLC now owns 51,151 shares of the transportation company's stock valued at $2,239,000 after buying an additional 12,526 shares during the period. 63.72% of the stock is currently owned by institutional investors.
Insider Transactions at United Airlines
In other news, Director Edward Shapiro purchased 25,000 shares of United Airlines stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $35.84 per share, for a total transaction of $896,000.00. Following the completion of the acquisition, the director now owns 125,000 shares in the company, valued at approximately $4,480,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.37% of the company's stock.
United Airlines Company Profile
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United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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